49,008 Dollar General Corporation $DG Shares Purchased by State of Alaska Department of Revenue

State of Alaska Department of Revenue lifted its stake in Dollar General Corporation (NYSE:DG) by 140.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 84,007 shares of the company’s stock after acquiring an additional 49,008 shares during the period. State of Alaska Department of Revenue’s holdings in Dollar General were worth $10,046,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Curated Wealth Partners LLC purchased a new stake in Dollar General in the third quarter worth about $1,233,000. Nvwm LLC raised its stake in shares of Dollar General by 2,780.0% in the third quarter. Nvwm LLC now owns 288 shares of the company’s stock worth $34,000 after buying an additional 278 shares during the period. Fort Washington Investment Advisors Inc. OH raised its stake in shares of Dollar General by 0.7% in the third quarter. Fort Washington Investment Advisors Inc. OH now owns 291,059 shares of the company’s stock worth $34,805,000 after buying an additional 1,890 shares during the period. ZWJ Investment Counsel Inc. raised its stake in shares of Dollar General by 7.9% in the third quarter. ZWJ Investment Counsel Inc. now owns 166,892 shares of the company’s stock worth $19,957,000 after buying an additional 12,208 shares during the period. Finally, Mather Group LLC. lifted its position in shares of Dollar General by 295.4% during the 3rd quarter. Mather Group LLC. now owns 5,314 shares of the company’s stock valued at $635,000 after buying an additional 3,970 shares in the last quarter. 91.77% of the stock is owned by institutional investors.

Dollar General Trading Up 2.9%

Shares of DG stock opened at $133.77 on Friday. Dollar General Corporation has a 52-week low of $95.11 and a 52-week high of $158.23. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.31 and a current ratio of 1.21. The firm has a market capitalization of $29.51 billion, a PE ratio of 17.47, a PEG ratio of 1.77 and a beta of 0.23. The stock has a fifty day simple moving average of $124.40 and a two-hundred day simple moving average of $119.07.

Dollar General (NYSE:DG) last posted its quarterly earnings results on Thursday, August 27th. The company reported $2.48 EPS for the quarter, beating analysts’ consensus estimates of $2.01 by $0.47. Dollar General had a return on equity of 18.93% and a net margin of 3.90%. The business had revenue of $11.29 billion for the quarter, compared to analysts’ expectations of $11.20 billion. During the same period last year, the firm earned $1.86 earnings per share. The business’s quarterly revenue was up 5.2% on a year-over-year basis. Dollar General has set its FY 2026 guidance at 7.800-8.000 EPS. On average, analysts predict that Dollar General Corporation will post 7.69 EPS for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 20th. Investors of record on Tuesday, October 6th will be given a dividend of $0.59 per share. The ex-dividend date is Tuesday, October 6th. This represents a $2.36 annualized dividend and a dividend yield of 1.8%. Dollar General’s dividend payout ratio (DPR) is currently 30.69%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on DG shares. Wall Street Zen upgraded Dollar General from a “hold” rating to a “buy” rating in a research note on Saturday, August 29th. BMO Capital Markets raised their target price on shares of Dollar General from $120.00 to $135.00 and gave the stock a “market perform” rating in a research note on Friday, August 28th. Weiss Ratings raised shares of Dollar General from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, September 10th. Gordon Haskett raised shares of Dollar General from a “hold” rating to a “buy” rating and set a $140.00 price target on the stock in a report on Tuesday, October 6th. Finally, The Goldman Sachs Group upped their price target on shares of Dollar General from $128.00 to $141.00 and gave the stock a “neutral” rating in a research report on Friday, August 28th. Twelve investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $137.96.

About Dollar General

Dollar General Corporation (NYSE: DG) operates a chain of discount retail stores focused on providing everyday goods at affordable prices. Its merchandise includes consumable products such as food, beverages, cleaning supplies, paper products, and personal-care items, along with seasonal goods, home products, basic apparel, and select health and beauty products. Many stores also offer tobacco products, prepaid wireless services, and other convenience-oriented items.

The company primarily serves rural and suburban communities in the United States through a network of small-format stores located across most U.S.